Compared to a system that uses money, the biggest disadvantage of a barter system is that... a. Commodities are difficult to transport and, therefore, inefficient for exchange. O b. It is difficult to find goods to trade in a barter system that satisfy the needs of society. С. Commodities are difficult to use as a store of value. d. Each trade requires a double coincidence of wants. e. A standardised unit of account cannot exist in a barter system.

Compared to a system that uses money, the biggest disadvantage of a barter system is that... a. Commodities are difficult to transport and, therefore, inefficient for exchange. O b. It is difficult to find goods to trade in a barter system that satisfy the needs of society. С. Commodities are difficult to use as a store of value. d. Each trade requires a double coincidence of wants. e. A standardised unit of account cannot exist in a barter system.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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